Retail news

• Biased Bank of England blames pay for inflation, never profit | Phillip Inman

  12-08-2023 18:00
  
  Data suggests prices are rising even though production costs are flat. Yet wages remain policymakers’ chief concernThere is a chart in the Bank of England’s latest report on the economy which illustrates that price gouging may still be a factor in pushing up inflation.What unions and academics have complained about for more than two years – and policymakers at the central bank have downplayed – is that corporate profits could be pumping up inflation as much as rising wage
  
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• Something should be done about Oxford Street, but encouraging more visitors is not the answer | Rowan Moore

  12-08-2023 17:32
  
  Instead of worrying about empty shops perhaps we should be thinking about creating affordable housing thereOne of the functions of Oxford Street, fabled London shopping thoroughfare, is to be a perpetually unsolvable national problem. For decades, the issue has been that it is too busy, prompting periodic proposals for monorails and trams and plans for pedestrianisation and rearranging traffic. It was a widely held opinion that it was a horrible place, with crowds of shoppers forever pushing you
  
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